New York, NY -- (SBWIRE) -- 07/25/2019 -- Market Size – USD 9.20 Billion in 2018, Market Growth - CAGR of 5.3%, Market Trends – The growing popularity of e-commerce.
The global application platform market is forecast to reach USD 14.06 Billion by 2026, according to a new report by Reports and Data. The rising trend towards digitalization, coupled with the extensive adoption of smartphones, and the internet will fuel the growth of the market. With the evolution of technologies and digitalization, the need for appropriate application platform has been increasing.
Request for sample copy of this premium report at: https://www.reportsanddata.com/sample-enquiry-form/1587
The use of application platforms for businesses provide them with a comprehensive app performing diverse functions and negates the requirement of multiple apps. It also enhances employee productivity and the return on investment (ROI) of the business. Businesses are continually looking for ways to leverage technology for improving business performance, including how to introduce customized mobile and web applications more efficiently. These software platforms specialize in application development, providing the flexibility to build productive business apps without the delays and expense of writing code.
Further key findings from the report suggest
- The software segment accounts for a larger market share of ~54% in the year 2018. The segment can be further segmented into application platform software and transaction processing monitor software. The growth of the application platforms software will boost the growth of the market. Application platform software is a cost-effective and efficient process that rarely requires extensive coding knowledge or app development experience.
- The large-sized organizations account for a larger market share of ~64% in the year 2018, owing to the increasing investments on authentication software.
- The on-premises deployment type accounts for a larger market share of ~60% in the year 2018. In an on-premises deployment of application platforms, resources are deployed within the organization's IT infrastructure. The deployment type is much more secure and provides complete control over the data stored in it.
- The Android platform accounts for the largest market share of ~36% in the year 2018. The extensive use of smartphones will drive the market for android application platforms. The sheer variety of Android smartphones available; affordable costs; and hardware customizations; are the reason behind the popularity of android application platforms for mobile.
- The retail and e-commerce industry is anticipated to witness the highest CAGR of 7.6% during the forecast period, attributed to the emergence of advanced technologies to provide utmost service to their customers through multiple channels. Their investment in end-to-end digital operations has driven the growth of the industry.
Buy now at: https://www.reportsanddata.com/checkout-form/1587
- North America held the largest market share of ~31% in the year 2018, owing to the presence of some of the leading players of the market in the region. The deployment of customised application platforms by the organizations in the region, to secure its data against various threats will fuel the market growth.
- Key participants include SAP, IBM, Micro Focus, NEC, Fujitsu, Oracle, Hitachi, Microsoft, HPE, Adobe Systems, Red Hat, Huawei, Gigaspaces, Akamai, APAChe Tomcat, Caucho Technology, Nastel Technologies, Tmaxsoft, Rogue Wave Software, Navisite, Nginx, 4D Technologies, Kony, Mendix, and Betty Blocks, among others. The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
For the purpose of this report, Reports and Data have segmented into the global Application platform market on the basis of component, platform, deployment type, organization size, application, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2016-2026)
- Software
o Application Platform Software
o Transaction Processing Monitor Software
- Services
o Deployment and Integration
o Support and Maintenance
o Managed Services
Platform Outlook (Revenue, USD Billion; 2016-2026)
- IOS
- Android
- Windows
- Others
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
- Small and Medium-Sized Enterprises
- Large Enterprises
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/application-platform-market
Deployment type Outlook (Revenue, USD Billion; 2016-2026)
- Cloud
- On-premises
Application Outlook (Revenue, USD Billion; 2016-2026)
- Database and Cloud Security
- Email Security
- Network Security
- Web Security
- Others
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
- BFSI
- Healthcare
- Retail
- Transportation and Logistics
- Media and Entertainment
- Telecom and IT
- Construction
- Education
- Manufacturing
- Others
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
o U.S.
- Europe
o UK
o France
- Asia Pacific
o China
o India
o Japan
- MEA
- Latin America
o Brazil
Browse more reports of Internet and E-Commerce category at: https://www.reportsanddata.com/report/category/internet-and-e-commerce
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
E-mail: sales@reportsanddata.com
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com